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Shannon, Ireland, 2017/06/21 - GE Capital Aviation Services (GECAS) a world leader in aviation leasing and financing, is planning to convert a further 30 Boeing 737-800s into freighters - GECAS.com. NYSE: GE
GECAS launched the 737-800 freighter program with Aeronautical Engineers (AEI) in 2015 and Boeing in 2016. Since then GECAS has provided each program with a prototype aircraft for modification at separate conversion facilities in Miami and Shanghai.
All the feedstock aircraft will come from GECAS’ existing portfolio and converted when the aircraft end their current passenger leases from 2018 onward. GECAS currently owns approximately 220 passenger 737-800s that are distributed across ~25 countries.
The ASL Group and West Atlantic Group have already become GECAS customers for the 737-800 freighter with deliveries occurring from the beginning of 2018 through 2019.
“We believe the 737-800 freighter will become an important express freighter for the 20-25 tonne air cargo market. GECAS looks forward to supporting operators to meet the demand from this sector,” stated Richard Greener, SVP & Manager Cargo.
The Next-Generation 737-800 freighter will be equipped with CFM56-7B engines, carry up to 23.9 tonnes of cargo with 12 main deck positions over 2,000 nautical miles.
About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS.com) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 1,950 aircraft (1,660 fixed wing/ 306 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~264 customers in over 75 countries from a network of 26 offices.
GE (ge.com) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.